They are a newly organized blank check company. One of their founders is their sponsor, TradeUP Acquisition Sponsor LLC, whose members are their Co-Chief Executive Officers. Their business strategy is to identify and complete their initial business combination with a technology company preferable with operations in the automotive or automotive-related, semiconductor, artificial intelligence, digital health, e-commerce and education sectors. They expect to leverage their management team’s relationships with corporate executives, venture capitalists, entrepreneurs and private equity firms. They believe that their deal sourcing network will provide them with a pipeline of suitable potential targets. In combination of their management team’s relationships and domain expertise, they look to execute a business combination that increases shareholder value. They represent a diverse combination of sourcing, investing, value-enhancement, technical and capital markets experience. They believe that their management team is equipped with the knowledge, experience, capital and human resources, and corporate governance practices to pursue opportunities that will offer risk-adjusted returns.